Top Ten Postal, Courier Firms In Romania Had RON2.8B Aggregate Turnover, Over 7,500 Employees In 2019
12.14.2020
The top ten postal and courier companies reported an aggregate turnover of RON2.8 billion in 2019, 15% higher than in 2018, according to ZF calculations and data provided by confidas.ro, and more than 7,500 employees, some 100 more than a year before.
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Wizz Air Launches New Flights From Bucharest And Brasov To Budapest
02.28.2024
Low-cost airline Wizz Air announces that it added new routes from the Romanian cities of Bucharest and Brasov to the Hungarian capital city of... more
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PR Agency Golin Romania Appoints Cristina Butunoi As Executive Director
02.28.2024
PR agency Golin Romania, one of the leading Public Relations agencies on the local market, has announced the appointment of Cristina Butunoi to the... more
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Electrica Shares Officially Included In FTSE Russell Indices
02.28.2024
Electrica has announced on Wednesday (Feb 28) that its shares have been admitted for the first time ever for inclusion in the FTSE Global Equity... more
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Romanian Brokerage Company Investimental Reaches 1,000 Retail Investors
02.28.2024
Investimental, the newest broker on the Romanian capital market, has reached 1,000 retail investors in Romania, who collectively manage some 3,200... more
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Colliers: Real Estate Deal Volume Down in 2023 to around EUR476M, Less than Half 2022 Record High, but Market Likely to Edge Up in 2024
02.28.2024
The volume of real estate deals in 2023 declined to around EUR476 million, less than half the 2022 record high, but the market is likely to... more
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Infinity Capital Investments Reaches RON100.6M Revenues in 2023, Down 48%, RON67.6M Net Profit, 58% Lower YOY
02.28.2024
Infinity Capital Investments registered revenues worth RON100.6 million in 2023, down 48%, and RON7.6 million net profit, 58% lower than in 2022,... more
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Lion’s Head Secures EUR150M Investment from IFC
02.28.2024
International Finance Corporation (IFC) has granted a EUR150 million investment with sustainability-linked features to Lion’s Head Investments. more
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Law Firm Filip & Company Assists in Sale of Infobest to AROBS Transilvania Software
02.28.2024
Law firm Filip & Company, together with Clairfield International GmbH and PPR & Partner Pape Rauh Rechtsanwalte Part GmbH, assisted entrepreneurs... more
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Compa Sibiu Ends 2023 with RON767M Turnover, Up 4%; Net Profit Triples to RON7.6M
02.28.2024
Car parts producer Compa Sibiu ended 2023 with RON767 million turnover, 4% above the 2022 level, while the company’s net profit tripled to RON7.6... more
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Romgaz Reports RON9B Consolidated Turnover for 2023, Down 32%, RON2.8B Net Profit, 10.4% Higher YOY
02.28.2024
Romgaz, Romania’s main natural gas producer and supplier, in 2023 generated consolidated turnover worth RON9 billion, down 32%, and RON2.8... more
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CTP Mulls Acquiring Globalworth’s Logistic Portfolio in Estimated EUR275M Deal
02.28.2024
Remos Vos, CEO and founder of CTP, the largest owner and developer of logistic and industrial spaces by gross leasable area (GLA), is contemplating... more
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Romaero: Provisional Judicial Administrator And Special Administrator Appoint Bogdan Costas As CEO For Four Years
02.28.2024
Romanian aircraft parts maker Romaero (RORX.RO), which entered insolvency amid financial distress, on Tuesday (Feb 27) announced that the... more
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Farmaceutica Remedia's Profit Surges 19.7% YoY To RON7.2M In 2023
02.28.2024
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale... more
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Bucur Obor Swaps 5,862-Sqm Land For 50 Apartments, 66 Parking Places Of Property Developer Novum Business Invest
02.28.2024
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, has exchanged a plot of land of 5,862 square meters for 50... more
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ACAROM: Romania’s Car Production Returns In Jan 2024 To Pre-Pandemic Level
02.28.2024
Romania's car production returned in January 2024 to the level before the Covid-19 pandemic, for the first time in the last five years, as per data... more
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Transavia Ends 2023 With Over RON1B Turnover
02.28.2024
Transavia, a leading poultry producer in Romania, which was founded 33 years ago by entrepreneur Ioan Popa, ended 2023 with a turnover of over RON1... more
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Romcab 2023 Net Profit Plunges 76.3% YoY To RON16.2M
02.28.2024
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) reported net profit of RON16.2 million for 2023, down 76.3% vs 2022, and a... more
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Roca Industry Announces Transfer Of Its Shares To Main Market Of Bucharest Stock Exchange As Of March 11, 2024
02.28.2024
Building materials holding Roca Industry (ROC1.RO) has announced in a stock market report on Tuesday (Feb 27) the transfer of its shares to the... more
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Arctic Stream Ends 2023 With RON9.2M Net Profit, Up 35% vs 2022
02.28.2024
Arctic Stream (AST.RO), an IT infrastructure and security integrator, ended 2023 with a 35% increase in its net profit and a 54% surge in revenue... more
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Hungary's Kesz To Develop Its First Own Residential Project In Romania
02.27.2024
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.